Commercial Equipment Leasing

Our non-recourse lessor program is available to qualified originators.

• Application Only—Income producing equipment from $15,000-$250,000
• Application Only—Medical equipment from $15,000-$250,000
• Application Only—Essential use soft collateral $15,000-$75,000

Terms are up to 75 months and is available for new and used equipment.

Non Recourse/Reserve
This program requires annual minimum funding commitment based on the borrower profile, collateral, and transaction size range. Reserve programs can be structured with servicing by the originator or by Sovereign with a non-notification agreement. Reserves are rebated based on portfolio performance. Transactions can be approved and funded on an individual basis or in blocks.

Guidance Lines
This program is based on a minimum annual funding facility ranging from $12 million to $50 million with monthly takedowns. The facility is supported by an Ultimate Net Loss (UNL) agreement and reserve requirements. Pricing, UNL exposure, and/or reserves are based on the originator's historical portfolio performance, collateral, and underwriting standards. Servicing can be retained by the originator or released to Sovereign.

Portfolio Funding and Purchase
Our portfolio relationships are a major component of our funding service. Portfolio transactions are custom priced and structured based on the originator's industry focus, historical performance, aging, and operational efficiency. Portfolio takedowns range from $2 million to $100 million, and can be structured for sale treatment or as limited recourse loans.